Pound/Dollar continued the upward momentum yesterday. The currency couple broke the resistance 1.5000, reached a peak of 1.5037, and closed at 1.4996. Technical signals are rising in the short term, if the Cable can hold above the psychological level 1.5000. If the last scenario is confirmed, targets are expected to be towards the region of 1.5150. The CCI indicator is about to cross down the 100 line on the 4 hour chart, assuming potential decreasing pressure, with testing of the key 1.4900 level. Break down of that level may lead the Sterling in a neutral zone.
Technical resistance levels: 1.5070 1.5200 1.5290
Technical support levels: 1.4835 1.4700 1.4565
Trading range: 1.4975 - 1.4905
Sell at 1.4965 SL 1.4995 TP 1.4915
Today we made already +28 pips profit on GBP/USD from the following signal:
5:45 GMT+1 Buy GBP/USD at 1.4987 SL 1.4961 TP 1.5047 exited at 7:30 GMT
Today so far +102, yesterday +182, as shown at www.zifx.com/performance.php